Report
Michael Foundoukidis

Pirelli : Preview CMD : un nouveau départ ?

>Estimations revues en baisse après la récente prudence des pairs - En amont de la publication des résultats annuels et du CMD (19/02 à Milan) et suite aux publications de concurrents, nous ajustons en légère baisse nos estimations sur 2020 afin d’intégrer, notamment, un scénario volumes plus prudent. Au global, nous laissons nos estimations 2019 inchangées mais révisons en baisse les BPA 2020 de 4% et nous situons en ligne avec les attentes (hormis sur les BPA où n...
Underlying
Pirelli & C. S.p.A.

Pirelli & Co. is a holding company that manages, coordinates and finances the operations of its subsidiaries, which are mainly active in the tyre sector. Other activities relate to the emissions control technologies, renewable energy sources and fashion industries. Co.'s Total Tyre Business is split into: the Consumer Business segment that includes car and motorcycle tyres made for both the original equipment and replacement markets; and the Industrial Business segment that includes truck tyres, tyres for agricultural equipment, made both for the original equipment and replacement markets, and the steel cord business.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Michael Foundoukidis

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